135
135
Aug 4, 2012
08/12
by
FOXNEWS
tv
eye 135
favorite 0
quote 0
remember the phrase no new taxes, i think that romney should be no new spending. remember the prescription drug benefit that george bush passed. >> paul: a huge expansion. >> a huge expansion, that contributed a lot to the growth of the tea party which was the insurrection inside the republican party. in 2010 they swept democrats out of office and we have the insuggestives, and one piece of data in the romney economic documents that caught my eye, he will push spending back to 20% of gdp, the average since 1968. during obama's term it's risen to about 24% of gdp. if he sticks to that, that means to spending will not rise during the romney presidency. >> paul: i would have to say romney has to avoid the bush mistakes of subsidizing housing and created a housing bubble which led to the crisis. >> to his credit, even in places like nevada when it's been politically not, not the easiest thing to do. he's resisted, saying, yeah, let's go for another housing bailout. >> kim, as a political strategy, do you think that romney ought to attempt, retorically somehow to separ
remember the phrase no new taxes, i think that romney should be no new spending. remember the prescription drug benefit that george bush passed. >> paul: a huge expansion. >> a huge expansion, that contributed a lot to the growth of the tea party which was the insurrection inside the republican party. in 2010 they swept democrats out of office and we have the insuggestives, and one piece of data in the romney economic documents that caught my eye, he will push spending back to 20%...
128
128
Sep 28, 2012
09/12
by
MSNBC
tv
eye 128
favorite 0
quote 0
effective tax rate than u.s. corporations paid at the time. ernsld bbjy sd the to material united states taxes because it should not be considered to have significant income effectively connected with a trade or business in the united states. guy plays all the angles, doesn't he? so mitt romney, the presidential candidate, who now talks tough on china and says that preside obama isn't tough on china, what do you think he did with all atoron well, on april 17th, 1998, just 9 days after the document was released, brookside incorporated, an affiliate of bain capital, acquired about 6% of global tech. mitt romney was listed as the sole shareholder, sole director, esident and o ofrookde incorporated. mitt romney chose to pay less taxes and exploit workers all for a profit. midd classers, you nervous tonight? you ought to be. niin o svey, ask can the president sustain his momentum for 40 days? 99% of you say yes. 1% of you say no. >>> coming up, george w. bush is back this time 's going to be dancing up a storm ithcaym
effective tax rate than u.s. corporations paid at the time. ernsld bbjy sd the to material united states taxes because it should not be considered to have significant income effectively connected with a trade or business in the united states. guy plays all the angles, doesn't he? so mitt romney, the presidential candidate, who now talks tough on china and says that preside obama isn't tough on china, what do you think he did with all atoron well, on april 17th, 1998, just 9 days after the...
118
118
Sep 18, 2012
09/12
by
MSNBC
tv
eye 118
favorite 0
quote 0
that does that mean sales taxes, property taxes, are they dependent because they don't pay income tax? it does raise an unfortunate set of questions for him tomorrow. he paid, according to one tax return, 13% of his income. that's a lot less than upper middle class people, lawyers, doctors, pay because the government favors capital over labor. does that make capital dependent on government? i hope he's asked about it. >> this is how it's going to play on the right wing, i believe. they have started praising his remarks. romney was on message according to some. in some strange way, could this help romney with his base? >> i don't know. i think the folks who are going to respond positively it to this were already voting against president obama. few people will turn out. but i just don't see how this statement helps him. there's so many people he is putting in that dependent category who think of themselves as hardworking republicans. so i don't see how this helps. >> social security, medicare, i don't think he was talking about that. i think he was talking about medicaid. no fault of th
that does that mean sales taxes, property taxes, are they dependent because they don't pay income tax? it does raise an unfortunate set of questions for him tomorrow. he paid, according to one tax return, 13% of his income. that's a lot less than upper middle class people, lawyers, doctors, pay because the government favors capital over labor. does that make capital dependent on government? i hope he's asked about it. >> this is how it's going to play on the right wing, i believe. they...
225
225
Oct 3, 2012
10/12
by
MSNBCW
tv
eye 225
favorite 0
quote 0
we'll get to the deductions but the cut in tax rates. >> the cut in tax rates is lower all americans tax rates by 20%. >> how much does that cost? >> it's revenue lowering. you can -- >> i have to -- you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all of the math. >> yesterday mitt romney finally gave in, sort of. he didn't detail the deductions he intends to eliminate, but at least offered a few suggestions. >> you could say everybody is going to get up to a $17,000 deduction and use your charitable deduction or your home mortgage deduction or others, health care deduction and fill that bucket, the $17,000 bucket that way and higher income people might have a lower number or do it by the same method that bowles-simpson did it, limiting certain deductions, that's the sort of thing you do with congress. >> so there you go. that's the sort of thing he's talking about. romney's campaign emphasized after the interview those ideas are actually not part of his plan writing -- mark halperin, as you know, i'm an easily confused person
we'll get to the deductions but the cut in tax rates. >> the cut in tax rates is lower all americans tax rates by 20%. >> how much does that cost? >> it's revenue lowering. you can -- >> i have to -- you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all of the math. >> yesterday mitt romney finally gave in, sort of. he didn't detail the deductions he intends to eliminate, but at least offered a few...
126
126
Oct 17, 2012
10/12
by
CNN
tv
eye 126
favorite 0
quote 0
taxes. the next question comes from mary follano. >> governor romney, you have stated that when you're elected president you will work with the congress to eliminate deductions to make up for the loss in revenue. concerning these various deductions. the mortgage deduction. the charitable deductions. the child tax credit. and also the -- what that's that other credit, i forgot. >> you're doing great. >> the education credits which are important to me because i have children in college. what would be your position on those things, which are important to the middle class. >> thank you very much. and let me tell you, you're absolutely right about part of that, which is i want to bring the rates down, i want to simplify the tax code, and i want to get middle income taxpayers to have lower taxes. and the reason i want middle income taxpayers to have lower taxes is because middle income taxpayers have been buried over the past four years, you have seen as middle income people in this country income
taxes. the next question comes from mary follano. >> governor romney, you have stated that when you're elected president you will work with the congress to eliminate deductions to make up for the loss in revenue. concerning these various deductions. the mortgage deduction. the charitable deductions. the child tax credit. and also the -- what that's that other credit, i forgot. >> you're doing great. >> the education credits which are important to me because i have children in...
83
83
Jul 12, 2012
07/12
by
MSNBC
tv
eye 83
favorite 0
quote 0
citigroup, the number one abuser of offshore tax havens has over 1200 tax havens. that's jun one of them. you mentioned the accounting firms and tax swiss is a bank that is under investigation by the department of justice right now for helping americans evade taxes by hiding them in swiss bank accounts. k >> the question in the interview was is it unpit reotic? is it patriotic? is it the american thing to do to take your money offshore? romney said he's not hiding anything and reports like yours that you came out with are just a distraction. what's your response in. >> contrary to what lindsey graham and others have said, it's not american to hide your income from the government so it can't tax it. in addition, when people wonder what is this 1% versus 99% thing about? this is a good story to tell. it's a small economic elite that is maximizing their profits at the expense of virtually everyone else. all of the people who are paying their taxes fairly or who would like to see the government invest more in jobs or education or health care. >> george, from your repor
citigroup, the number one abuser of offshore tax havens has over 1200 tax havens. that's jun one of them. you mentioned the accounting firms and tax swiss is a bank that is under investigation by the department of justice right now for helping americans evade taxes by hiding them in swiss bank accounts. k >> the question in the interview was is it unpit reotic? is it patriotic? is it the american thing to do to take your money offshore? romney said he's not hiding anything and reports...
154
154
Oct 10, 2012
10/12
by
MSNBCW
tv
eye 154
favorite 0
quote 0
. >> you can do that by cutting taxes? >> those are your words, not mine. >> thank you very much, sir. >> that was kind of strange. trying to stuff words in people's mouths? >> it it sounds like you're -- >> ryan folks putting the paper in front of the camera and everything. vice presidential nominee paul ryan getting annoyed in this interview with terry camp in flint, michigan. the campaign even after the interview was over still went out of their way to trash the reporter that paul ryan walked out of that interview on. the campaign given on the record quotes calling the reporter an embarrassment. the city where that reporter works and where that interview took place does have the worst violent crime rate in the nation. so that line of questioning here for mr. ryan was understandable. maybe even predictable. but beyond the newsworthiness of paul ryan getting up and taking off his microphone and ending the interview and beyond the newsworthiness of the campaign going after this reporter, there was what that reporter was ab
. >> you can do that by cutting taxes? >> those are your words, not mine. >> thank you very much, sir. >> that was kind of strange. trying to stuff words in people's mouths? >> it it sounds like you're -- >> ryan folks putting the paper in front of the camera and everything. vice presidential nominee paul ryan getting annoyed in this interview with terry camp in flint, michigan. the campaign even after the interview was over still went out of their way to...
239
239
Jul 6, 2012
07/12
by
MSNBCW
tv
eye 239
favorite 0
quote 0
. >> it was a tax. >> the mandate is not a tax. >> yes, it is a tax. >> it's a tax and it's constitutional. >> precisely what i said, but i stand by whatever i said, whatever it was. >> if you listen to those gop pinheads, you don't know what their strategy was. >> it was kill romney. not when i'm next to him you better not. >> thank you very much and i'm sorry for the idiot over there. >> idiot. >> he says the president's out of touch. how many of y'all have a swiss bank account? >> 30 of us running around the house, we look at each other, gosh, our love really started something, didn't it. >> this is when america is at her best. she'll never see us coming. >> let's get right to a very special guest. he's chris hayes and author of a wonderful new book, twilight of the elites. an often unfavorable look at the mechanisms of americans. good afternoon to you, sir. you heard glenn beck be afraid. very afraid. what's he talking about? >> i don't know. >> good answer. reading your book, i can't help thinking about mitt romney and the way he's defined his success an the way it presents itself. we
. >> it was a tax. >> the mandate is not a tax. >> yes, it is a tax. >> it's a tax and it's constitutional. >> precisely what i said, but i stand by whatever i said, whatever it was. >> if you listen to those gop pinheads, you don't know what their strategy was. >> it was kill romney. not when i'm next to him you better not. >> thank you very much and i'm sorry for the idiot over there. >> idiot. >> he says the president's out of...
138
138
Sep 13, 2012
09/12
by
MSNBC
tv
eye 138
favorite 0
quote 0
drew attention to his budget hypocrisy last night. >> get rid of tax interests and lower tax rates for everybody. there are a lot of democrats who agree with this. ronald reagan and tip o'neill. >> you voted against simpson bowls. >> i put my own package out there, that's what leaders do. >> how exactly is paul ryan helping the republican ticket? >> at this point, i'm not sure he's helping the ticket, i'm also not sure he's helping himself. if you would have asked republicans who do they want to run in 2016, a lot of them would have said paul ryan, republicans really liked him and saw someone who kind of believed in things and had an agenda. now he pretty much sounds like mitt romney. he's now against things he was for bripreviously. it's definitely not at this point, no poll has shown paul ryan helping the ticket, except for in wisconsin where they have moved up a little bit. paul ryan not really on the ticket, and the marathon thing was not only embarrassing to the tickets entirely. >> does that explain why romney is now running two campaigns, one for vice president and the other to
drew attention to his budget hypocrisy last night. >> get rid of tax interests and lower tax rates for everybody. there are a lot of democrats who agree with this. ronald reagan and tip o'neill. >> you voted against simpson bowls. >> i put my own package out there, that's what leaders do. >> how exactly is paul ryan helping the republican ticket? >> at this point, i'm not sure he's helping the ticket, i'm also not sure he's helping himself. if you would have asked...
119
119
May 23, 2012
05/12
by
MSNBC
tv
eye 119
favorite 0
quote 0
mitt romney wants tax cuts for the wealthiest americans. the income separation that we show on this chart from time to time, romney wants the red line to go up further. he thinks they don't have enough money. he wants to make it better than what they've got right knew. he wants to gap government spending. good-bye to the public sector job creation. capping government spending. later in this broadcast i'm going to show you president obama has done that better than republican presidents. romney wants to eliminate regulations on wall street. romney has been in the news business quite a bit lately, hasn't it? get rid of dodd-frank. he wants to gambling to continue. he wants people on wall street to be able to play with your money any way they want to. he wants to cut social services like kicking people off of food stamps. food stamps. that would be the poor. in other words, romney wants to kick these people to the road, but he wants these people to go back to the penthouse. the mar we look at bain as a whole, the more we understand exactly what
mitt romney wants tax cuts for the wealthiest americans. the income separation that we show on this chart from time to time, romney wants the red line to go up further. he thinks they don't have enough money. he wants to make it better than what they've got right knew. he wants to gap government spending. good-bye to the public sector job creation. capping government spending. later in this broadcast i'm going to show you president obama has done that better than republican presidents. romney...
140
140
Dec 14, 2012
12/12
by
MSNBCW
tv
eye 140
favorite 0
quote 0
it would be an argument against the tax. when is the last time that you voted for something in cag that solved everything? >> never. >> congressman thank you very, very much for joining us tonight. >> coming up, the comedy of grow ver nor kwist. he makes jokes about war and grape. yeah, he does. in his losing attempts to prevent members of congress from violating the anti-tax pledge. and the parents of the unarmed black florida teen shot and killed last month because the music in his car was too loud. they will join me in a last word exclusi exclusive. ts about taking aspirin for pain. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who tried it agreed that it relieved their headache fast. what's different? it has micro-particles. enters the bloodstream fast and rushes relief to the site of pain. visit fastreliefchallenge.com today for a special trial offer. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. o
it would be an argument against the tax. when is the last time that you voted for something in cag that solved everything? >> never. >> congressman thank you very, very much for joining us tonight. >> coming up, the comedy of grow ver nor kwist. he makes jokes about war and grape. yeah, he does. in his losing attempts to prevent members of congress from violating the anti-tax pledge. and the parents of the unarmed black florida teen shot and killed last month because the music...
255
255
May 14, 2012
05/12
by
WJZ
tv
eye 255
favorite 0
quote 0
your tax -- taxpayers filinging jointly will see no change up to $150,000. a quarter percent increase on the dollar so the tax rate goes up from 4.25% to 5%. >> reporter: another big item for this special session is the transfer of teacher pension costs from the state to local governments. there's a state that's been worked out for that as well. reporting live, pat warren. >> thank you. we will have more on today's special session. >>> passengers are evacuated at thur good marshall because of a mysterious odor there. the hazmat teams cleared two concourses. a special item believed to be pepper spray was recovered from a trash can. >>> one of jp morgan chase's top executives is leaving the company in the wake of the bank's $2 billion loss. now there are calls for federal banking regulations. >> jp morgan chase says it's chief investment officer is retiring after a trading mistake that cost the bank $2 billion. the trade's originated out of the british officers. two other executives are reportedly on their way out. now there are calls for ceo jamie diamond to
your tax -- taxpayers filinging jointly will see no change up to $150,000. a quarter percent increase on the dollar so the tax rate goes up from 4.25% to 5%. >> reporter: another big item for this special session is the transfer of teacher pension costs from the state to local governments. there's a state that's been worked out for that as well. reporting live, pat warren. >> thank you. we will have more on today's special session. >>> passengers are evacuated at thur good...
136
136
Dec 5, 2012
12/12
by
MSNBCW
tv
eye 136
favorite 0
quote 0
low tax small government party. the other party leadership proposes, wait for it, $800 billion in tax increases. it's noted that the democrats have celebrated the proposal put out by president obama. meanwhile, you have a number of republicans slamming speaker boehner. how would you describe his position right now? >> well, he really didn't win for losing. he's trying to say to president obama if i wanted topaz your proposal i can't do it. he's really truly between a deal and promise and getting the fight over with and a conference that won't allow it. i think what senator demint is saying and house republicans are saying to john boehner is, let's go over the cliff. that we can live with the sequester and we absolutely will not raise tax rates no matter what. what that does is eliminate all of the tax cuts and then there's a new fight in january to push obviously by the democrats to restore tax cuts for 98% of americans. and then that will be muddied by the need for a debt ceiling increase and the fight goes in to f
low tax small government party. the other party leadership proposes, wait for it, $800 billion in tax increases. it's noted that the democrats have celebrated the proposal put out by president obama. meanwhile, you have a number of republicans slamming speaker boehner. how would you describe his position right now? >> well, he really didn't win for losing. he's trying to say to president obama if i wanted topaz your proposal i can't do it. he's really truly between a deal and promise and...
128
128
Aug 30, 2012
08/12
by
FOXNEWS
tv
eye 128
favorite 0
quote 0
he likes tax reform and proposed himself same thing. he opposed it and wouldn't sign on the dotted line at the end because he objected to the fact that simpson-bowles accepted in toto obamacare with extra $1.7 trillion in spending. so extra $1.8 trillion in taxation. he was against the idea. he said the main reason for the deficit is the healthcare. so how do you have a commission that accepts the driver of the debt. he proposed a different way to control healthcare cost. >> bret: this will get interesting as we have fact check of fact check. >> fact checking is now a big cottage industry is important. but i don't know if it matters because neither campaign minds if they get ten pinocchios for some of the things. i think the simpson-bowles story is interesting. neither campaign is embasing it but they want the halo of simpson-bowles but they won't say we want this to be starting place for negotiation. >> obama proposed it, organized it -- >> tried to negotiate with boehner based on it. >> when the commission reported he completely aband
he likes tax reform and proposed himself same thing. he opposed it and wouldn't sign on the dotted line at the end because he objected to the fact that simpson-bowles accepted in toto obamacare with extra $1.7 trillion in spending. so extra $1.8 trillion in taxation. he was against the idea. he said the main reason for the deficit is the healthcare. so how do you have a commission that accepts the driver of the debt. he proposed a different way to control healthcare cost. >> bret: this...
158
158
Dec 27, 2012
12/12
by
FOXNEWSW
tv
eye 158
favorite 0
quote 0
let the bush tax cuts expire. make sure the middle class doesn't have to pavement the schif a manufactured media drama. >> laura: wow, can you say out of touch? joining us now from new york is maxwell a democratic strategist and guy benson the political editor for "town hall.com." okay. this is quite something. we have been hearing from the obama white house, the congressional budget office and any number of conservative economistst that this is serious. that we have got to get this thing done that we have got to get it in order. or at some point america's full faith and credit is going to go away. we are not going to look so good to the rest of the world as far as credit risk. so let's talk to you about this. is this a manufactured media crisis or does something substantial need to be done here? >> well, i certainly think that the fiscal cliff, that language is a manufactured media narrative. that americans believe on january 1 we are going to be standing in line for bread. that's not going to happen this is all
let the bush tax cuts expire. make sure the middle class doesn't have to pavement the schif a manufactured media drama. >> laura: wow, can you say out of touch? joining us now from new york is maxwell a democratic strategist and guy benson the political editor for "town hall.com." okay. this is quite something. we have been hearing from the obama white house, the congressional budget office and any number of conservative economistst that this is serious. that we have got to get...
207
207
Jun 29, 2012
06/12
by
FOXNEWS
tv
eye 207
favorite 0
quote 0
they may be taxing me without telling me they are taxing me. then they could go in court and argue it is a tax which i knew it was all along. i do want to say this though. there is -- having read the majority opinion which is written by justice roberts, chief justice roberts and two liberals. kagan and breyer. they hammered the government on its expansive notions about this commerce clause and all we heard from nancy pelosi and everybody else about how this had lots of precedent. this has been been done many times, it would be unprecedented for the court to strike down. liberals, including kagan who worked for president obama. >> laura: 5-4 on the commerce issue. >> the language in the majority opinion, which she joined, was scathing for him. i mean they went on and said congress has never tried to go this far before. the commerce clause is not a general license to regulate any individual from cradle to grave. that -- there has been some limitation on the congress' power under that clause. >> i would say it's limited the congress clause but exp
they may be taxing me without telling me they are taxing me. then they could go in court and argue it is a tax which i knew it was all along. i do want to say this though. there is -- having read the majority opinion which is written by justice roberts, chief justice roberts and two liberals. kagan and breyer. they hammered the government on its expansive notions about this commerce clause and all we heard from nancy pelosi and everybody else about how this had lots of precedent. this has been...
95
95
Jul 12, 2012
07/12
by
MSNBCW
tv
eye 95
favorite 0
quote 0
that's to raise everyone's taxes. >> he's raising the taxes like crazy. we need freedom. >> good to have you with us, folks. thank yous for watching. >> announcer: spoke to the naacp convention in houston, texas today. he delivered a speech short on specifics and long on tepid jeneralities. >> some may wonder why a republican would campaign in the african-american community and address the naacp. i hope to address every american of every race, creed, and sexual orientation. from the poorest to the richest and everyone in between. >> romney was greeted with polite applause throughout the speech, and even got some encouraging organ music. >> i can't promise you that i'll agree on every issue, but i do promise that your hospitality to me today will be returned. we will know one another. and we will work to common purpose. >> the audience gave romney their attention and a fair hearing. at the end of the speech, the crowd respectfully offered a standing ovation to the candidate. the attendees gave him some credit for showing up. unlike the previous president,
that's to raise everyone's taxes. >> he's raising the taxes like crazy. we need freedom. >> good to have you with us, folks. thank yous for watching. >> announcer: spoke to the naacp convention in houston, texas today. he delivered a speech short on specifics and long on tepid jeneralities. >> some may wonder why a republican would campaign in the african-american community and address the naacp. i hope to address every american of every race, creed, and sexual...
99
99
Dec 27, 2012
12/12
by
MSNBCW
tv
eye 99
favorite 0
quote 0
republicans can vote for a tax cut. democrats are in a stronger position because they have more tax cuts that they want. i would get familiar with the phrase the last train leaving the station which is always the last bill coming off capitol hill before the session ends. this gets chalked up with a lot of stuff. it could even be monday. senate has a last train leaving the station. mcconnell decides not to block amendments, gets to the floor of the senate, gets to the floor, gets passed. i don't think it's unreasonable to think that can conceivably happen. >> mike, we don't have a lot of time, but do you see that as being reasonable that mcconnell would go down that route? >> mcconnell, i don't great with steve. i've had january 10th in the pool for quite some time as the day they come to an agreement. i think the question is will the republicans have any leverage at that point to get the spending cuts and entitlement reforms that were on the table before they're going to give up their leverage? and .i think they're goin
republicans can vote for a tax cut. democrats are in a stronger position because they have more tax cuts that they want. i would get familiar with the phrase the last train leaving the station which is always the last bill coming off capitol hill before the session ends. this gets chalked up with a lot of stuff. it could even be monday. senate has a last train leaving the station. mcconnell decides not to block amendments, gets to the floor of the senate, gets to the floor, gets passed. i don't...
120
120
May 16, 2012
05/12
by
MSNBC
tv
eye 120
favorite 0
quote 0
romney's proposed tax cuts would cost more than $10.7 trillion, 8 trillion more than bush's tax cuts. it would be impossible to balance a budget. romney hasn't said how he plans to pay for the cuts. the current government just posted a budget surplus for the first time in 42 months. if republicans, seriously, if republicans are able to convince people in this country that president obama is entirely responsible for our national debt, it will be the biggest political hoodwink of modern political times. let's turn to richard wolffe. great to have you with us. it's a heavy lift. i guess you can give the republicans credit for trying to do. can mitt romney convince americans what happened in the bush years and what started to dig us in this hole. >> if he does that, there's a bridge in brooklyn that he will want to sell voters this november as well. we showed this president had to go into deficit spending to help try and move this country out of recession. the vast bulk of this, you have to remember came after president clinton gave president bush a surplus. i was there in 2000. president
romney's proposed tax cuts would cost more than $10.7 trillion, 8 trillion more than bush's tax cuts. it would be impossible to balance a budget. romney hasn't said how he plans to pay for the cuts. the current government just posted a budget surplus for the first time in 42 months. if republicans, seriously, if republicans are able to convince people in this country that president obama is entirely responsible for our national debt, it will be the biggest political hoodwink of modern political...
161
161
Sep 29, 2012
09/12
by
CNN
tv
eye 161
favorite 0
quote 0
the middle class faces the largest income tax increase in our lifetime. because of the fiscal cliff we're all about to fall over. the white house estimates a typical middle class family of four will see its taxes
the middle class faces the largest income tax increase in our lifetime. because of the fiscal cliff we're all about to fall over. the white house estimates a typical middle class family of four will see its taxes
127
127
Dec 1, 2012
12/12
by
CNNW
tv
eye 127
favorite 0
quote 0
democrats only want to raise taxes on the top 2% and extend the bush tax cuts for everyone else. what they might agree on, cutting deductions. the middle class' most cherished tax break could be in the crosshairs of the fiscal cliff negotiations. we're talking about the mortgage interest deduction. it's been around for 99 years, but it's costing the government $80 billion this year and will reach $100 billion by 2014 making it the third largest tax expenditure according to the congressional research service. who is it really helping in the most recent irs tax data show 41 million people claim this deduction on their 2010 taxes, but the tax policy center points out it tends to benefit upper middle class families the most. for those with annual incomes of less than $40,000 a year, the average tax savings is just 91 bucks. for the people earning $250,000 a year, the annual tax savings runs about $5,500, and critics say it's not really helping to boost homeownership. going to talk to one of them in a moment. the homeownership rate in the u.s. is now about 65%. it was up near 70% duri
democrats only want to raise taxes on the top 2% and extend the bush tax cuts for everyone else. what they might agree on, cutting deductions. the middle class' most cherished tax break could be in the crosshairs of the fiscal cliff negotiations. we're talking about the mortgage interest deduction. it's been around for 99 years, but it's costing the government $80 billion this year and will reach $100 billion by 2014 making it the third largest tax expenditure according to the congressional...
84
84
Oct 5, 2012
10/12
by
FOXNEWS
tv
eye 84
favorite 0
quote 0
he said in fact that they do want to race taxes a trillion dollars. i want to create good jobs in america. reporter: now, the president is hammering mitt romney today on the 5 trillion-dollar tax increase. that was the same accusation that governor romney beat back several times in denver. last night, president obama's deputy campaign director, stephanie cutter, acknowledged that that tax cut would be nowhere near $5 trillion. she did go on to say that all of the loopholes that the governor would use to try to make that revenue neutral would not bring up the total amount, but it is important to note that she did say that tax and cuts would be hard. megyn: there is some troubling news from the unemployment department on jobs. applications rose to 360,000. that is up from last week. a second report shows planned layoff 4.9% in september. yesterday the commerce department said factory orders dropped 5.2% in august. still, just a short time ago, president obama said today's report shows that the economy is headed in the right direction. >> after losing ab
he said in fact that they do want to race taxes a trillion dollars. i want to create good jobs in america. reporter: now, the president is hammering mitt romney today on the 5 trillion-dollar tax increase. that was the same accusation that governor romney beat back several times in denver. last night, president obama's deputy campaign director, stephanie cutter, acknowledged that that tax cut would be nowhere near $5 trillion. she did go on to say that all of the loopholes that the governor...
158
158
Sep 29, 2012
09/12
by
CNNW
tv
eye 158
favorite 0
quote 0
the middle class faces the largest income tax increase in our lifetime. because of the fiscal cliff we're all about to fall over. the white house estimates a typical middle class family of four will see its taxes rise by $2,200 bucks in 2013. remember, we put them in august. think of that as we head to november. you think things are going to get better? you think we're going to avoid that fiscal cliff? what should be done to save the middle class? let's keep this conversation going online. find me on facebook and twitter. have a great weekend. >>> from cnn world headquarters in atlanta, this is "cnn saturday morning." abortion, gun policy, the war on drugs. they're just some of the social issues shaping the presidential race. all morning, we're putting them in focus. >>> i could see in his face that there was a lot me
the middle class faces the largest income tax increase in our lifetime. because of the fiscal cliff we're all about to fall over. the white house estimates a typical middle class family of four will see its taxes rise by $2,200 bucks in 2013. remember, we put them in august. think of that as we head to november. you think things are going to get better? you think we're going to avoid that fiscal cliff? what should be done to save the middle class? let's keep this conversation going online. find...
325
325
Dec 13, 2012
12/12
by
FOXNEWSW
tv
eye 325
favorite 0
quote 0
money going in, more money going in taxes. less goes in business that fix up and take care of business. we are not going to upgrade as many kitchen or replace as many appliances. the air conditioning stoves down the line. >> he said he will likely lay off employee to juggle the cost. >> big business, they if v full-time accountant and lawyers on their staff. it's part of the overhead and administration but for us it's extra expense off the top. >> it goes across the country. the latest gallup small business index released today find small business owners net capital spending inintentions for 12 months plunged to negative 14 in november. the lowest level two years. >> the dow lost 75. s&p 500 fell nine. nasdaq finished 22. down. finished 22 down. susan rice is out as potential secretary of state. we talk about that with the fox all-stars and the other cabinet shakeup when we come back. t my skin. [ designer ] enough of just covering up my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i starte
money going in, more money going in taxes. less goes in business that fix up and take care of business. we are not going to upgrade as many kitchen or replace as many appliances. the air conditioning stoves down the line. >> he said he will likely lay off employee to juggle the cost. >> big business, they if v full-time accountant and lawyers on their staff. it's part of the overhead and administration but for us it's extra expense off the top. >> it goes across the country....
147
147
Jul 18, 2012
07/12
by
MSNBCW
tv
eye 147
favorite 0
quote 0
is a tax cut. it hasn't worked for three years. it didn't work in 2001 when they were a much broader base. this is part and parcel of that. >> why not double down on a failing theory, though? >> why not. it will trickle down. >> we should note the house is expected to vote today on the sequestration transparency act of 2012. >> wow. wow. >> stay tuned for that. >>> coming up, want some good news? don't ask ben bernanke. the fed chief's latest gloomy forecast and that looming fiscal cliff, next. ♪ ♪ i want to go ♪ i want to win [ breathes deeply ] ♪ this is where the dream begins ♪ ♪ i want to grow ♪ i want to try ♪ i can almost touch the sky [ male announcer ] even the planet has an olympic dream. dow is proud to support that dream by helping provide greener, more sustainable solutions from the olympic village to the stadium. solutionism. the new optimism.™ ♪ this dream what ? customers didn't like it. so why do banks do it ? hello ? hello ?! if your bank doesn't let you talk to
is a tax cut. it hasn't worked for three years. it didn't work in 2001 when they were a much broader base. this is part and parcel of that. >> why not double down on a failing theory, though? >> why not. it will trickle down. >> we should note the house is expected to vote today on the sequestration transparency act of 2012. >> wow. wow. >> stay tuned for that. >>> coming up, want some good news? don't ask ben bernanke. the fed chief's latest gloomy...
170
170
Jun 11, 2012
06/12
by
WJZ
tv
eye 170
favorite 0
quote 0
. >>> the debate over a tax on bottle benches -- beverages is heating up. mike hellgren has more on where that money would go. >> reporter: it would go to fix crumbling schools and build new runs. some council members are trying a take i can to get to a full vote. >> a proposal to more than double the tax on bottle beverages in baltimore city may go to a full voit of the city council, getting -- vote of the city council, getting around the committee where it's been stalled. >> i will not ignore it anymore and try to help our schools. >> the mayor wants the tax to pay for improvements to city schools. it faces strong opposition from retailers. >> i struggle with the idea that you're putting more burden on top of people trying to support the city. >> the tax would go from 2 cents to 5 cents fchl it -- cents. if it's pass ed by the council the mayor could sign it by the end of the month. >> reporter: retailers opposed to this are working on a count proposal to raise money and are lobbies city council members right now. >> thank you. the city council meeting st
. >>> the debate over a tax on bottle benches -- beverages is heating up. mike hellgren has more on where that money would go. >> reporter: it would go to fix crumbling schools and build new runs. some council members are trying a take i can to get to a full vote. >> a proposal to more than double the tax on bottle beverages in baltimore city may go to a full voit of the city council, getting -- vote of the city council, getting around the committee where it's been stalled....
139
139
Jul 9, 2012
07/12
by
MSNBC
tv
eye 139
favorite 0
quote 0
they hadn't raised taxes enough. clinton came in, realized he had to raise taxes. he i think quite courageously did so against tremendous opposition. a lot of democrats lost their offices in the next election, term. he lost control of the congress including the lady who is to become his -- the mother of his future son-in-law was kicked out of her congressional seat in philadelphia. so this was a big blood bath for the democrats but they were proved right. >> let me bring the politics of this in. the battle for the middle class. president obama today asking the congress to compromise by extend tax cuts for the middle class, not the wealthy. let me play you something he said and get your response of what the politics should be. >> so we should agree to extend the tax cuts for the middle class. let's agree to do what we agree on. right? let's not hold the vast majority of the economy hostage while we debate the merits of another tax cut for the wealthy. -- for the 98% of americans who make less than $250,000 for another year. >> with republicans and another position o
they hadn't raised taxes enough. clinton came in, realized he had to raise taxes. he i think quite courageously did so against tremendous opposition. a lot of democrats lost their offices in the next election, term. he lost control of the congress including the lady who is to become his -- the mother of his future son-in-law was kicked out of her congressional seat in philadelphia. so this was a big blood bath for the democrats but they were proved right. >> let me bring the politics of...
183
183
Oct 6, 2012
10/12
by
FOXNEWS
tv
eye 183
favorite 0
quote 0
i will not raise taxes on small business and not raise taxes on middle income families. >> reporter: he will spend a little more time in florida and campaign here tomorrow and he has been doing a bit of debate prep with rob portman, the senator from ohio and his debate sparring... playing the role of mr. obama and, monday, big foreign policy speech at the virginia military institute in virginia, and criticizing the president on foreign policy with specific criticisms of the way in which the administration handled the attack on the u.s. consulate in benghazi, libya, meant to signal romney will continue to attack the president on the economy, and jobs, but, also on foreign policy and all of the issues, of being commander-in-chief. in the 2012 campaign. >> arthel: thank you very much, a big crowd waiting for mitt romney and the president had no public events today but his campaign says that it has noted stopped him from shattering a major record. carl mentioned this earlier. september fund-raising ended at $181 million. topping his previous record by nearly $70 million. it's the biggest
i will not raise taxes on small business and not raise taxes on middle income families. >> reporter: he will spend a little more time in florida and campaign here tomorrow and he has been doing a bit of debate prep with rob portman, the senator from ohio and his debate sparring... playing the role of mr. obama and, monday, big foreign policy speech at the virginia military institute in virginia, and criticizing the president on foreign policy with specific criticisms of the way in which...
77
77
Jun 21, 2012
06/12
by
MSNBC
tv
eye 77
favorite 0
quote 0
it's structured as a tax exempt organization. in fact, loopholes in the tax code call them a social welfare organization, but we all know karl rove isn't raising money to help the homeless. he's spending millions and millions of dollars to push an extreme right wing agenda. now an attorney for the obama campaign for president obama pfsz re-election team is challenging how cross roads does business. the "new york times" reports robert bower wants cross roads to disclose its donors. they argue that they can't be shielded by the social welfare structure. he writes that crossroads seems to believe it can run out the clock and spend massive sums of money in this election without accounting for a trace of its funding. now a federal appellate court has issues a ruling that makes clear they're out of time. he sights a ruling that the government should decide the major purpose of groups like crossroads. you and i know it ain't about social welfare groups. let's bring in msnbc contributor crystal ball, mark simone with us, and also karen f
it's structured as a tax exempt organization. in fact, loopholes in the tax code call them a social welfare organization, but we all know karl rove isn't raising money to help the homeless. he's spending millions and millions of dollars to push an extreme right wing agenda. now an attorney for the obama campaign for president obama pfsz re-election team is challenging how cross roads does business. the "new york times" reports robert bower wants cross roads to disclose its donors....
184
184
Aug 15, 2012
08/12
by
KPIX
tv
eye 184
favorite 0
quote 0
. >> we do not need more tax cut for the wealthiest americans, we need to get tax relief to working families that are trying to raise their kids. >> this is the last day of the president's three day bus tour through the battleground state of iowa. >> of pennsylvania judge has turned down an attempt to block a new law requiring voters to show a photograph id. democrats say this will make it harder for the elderly and minorities and the poor and young adults, to vote but republicans argue that it will prevent voter fraud. >> the latest in a series of big box retailers to release positive earnings reports. they raised their full-year profit projection. take a look at the market, so far so good, a little over four points. los gatos based netflix announced it will expand their presence in europe. offering streaming television shows and movies in norway and denmark and sweden by the end of the year. the company shares were up early this morning before settling back down again. coming up next, the study that places eggs back on the naughty list. >> and the next top model needed for the price is rig
. >> we do not need more tax cut for the wealthiest americans, we need to get tax relief to working families that are trying to raise their kids. >> this is the last day of the president's three day bus tour through the battleground state of iowa. >> of pennsylvania judge has turned down an attempt to block a new law requiring voters to show a photograph id. democrats say this will make it harder for the elderly and minorities and the poor and young adults, to vote but...
191
191
Jul 13, 2012
07/12
by
MSNBCW
tv
eye 191
favorite 0
quote 0
of the bush tax cuts. i don't think top-down economics works. i believe that we grow this economy from the middle out. from the bottom up. i believe the heart and soul of this country is making sure the working people can feel security in the middle class. and we're growing our middle class. >> ezra, it is really about two differing opinions about how taxes ought to be brought into government or received. one saying trickle down, the other saying from the middle expand. >> sharply differing. and one thing that frustrates me about this conversation is we only have been talking about taxes. whatever you do on the tax side has an equal and opposite reaction on the spending side. take what mitt romney wants to do. he wants to pass trillions of tax cuts on top of that. tax cuts that are aggressive. that money comes from somewhere. it could come from the deficit. but vemplgly out of spending. where does the federal government spend? defense, security for the low income folks, and security for the elderly. now, r
of the bush tax cuts. i don't think top-down economics works. i believe that we grow this economy from the middle out. from the bottom up. i believe the heart and soul of this country is making sure the working people can feel security in the middle class. and we're growing our middle class. >> ezra, it is really about two differing opinions about how taxes ought to be brought into government or received. one saying trickle down, the other saying from the middle expand. >> sharply...
122
122
Aug 17, 2012
08/12
by
KPIX
tv
eye 122
favorite 0
quote 0
we can tell you about some of the tax incentives being granted. the city will kick in with, the state will kick in with employee training and the state will kick in with buy stamps on capital equipment as they work to bring the company here. >> facebook shares hit a new low this morning and it is no surprise. today was the first day that early investors and insiders could cash in on their shares. the social network had a botched public offering in may. many investors remain wary about the company's ability to increase revenue. spa closed far below its $38 initial public offering. >> summer allergies got you down? >> dr. camera takes a look at an old remedy making a comeback. >> it looks like aladdin's magic lamp but is called a nettings. users say it works big magic against allergies and sinus infections. it is filled with a saline solution and is used to irrigate cavities. it can reduce the symptoms of allergies colds and other nasal problems. experts say be sure to use previously boiled or distilled water, two rented after each use and let it ai
we can tell you about some of the tax incentives being granted. the city will kick in with, the state will kick in with employee training and the state will kick in with buy stamps on capital equipment as they work to bring the company here. >> facebook shares hit a new low this morning and it is no surprise. today was the first day that early investors and insiders could cash in on their shares. the social network had a botched public offering in may. many investors remain wary about the...
145
145
Oct 14, 2012
10/12
by
MSNBC
tv
eye 145
favorite 0
quote 0
doing tax cutting. we should have spent the whole trillion. the bottom line, we have a spending driven economy. when you have consumeser withdraw spending partly out of terror, they're losing value on their homes, banks withdrawing lending. you sucked all of that money and spending out of the economy, someone has to replace it. we've always had the government step in and replace that spending. we did it with fdr, even george w. bush did it. he hired a lot of government workers during the recession. >> post 9/11 we don't think of the tsa as a government jobs program, that's what it is. >> when i was in the bush administration, we didn't have four years of $1 trillion deficits. >> no. you created them. you made them. >> no, we did not. >> it was not a spending caused deficit. it was a war caused and tax cut caused deficit. >> not such a high def sit as we have now. they were not cuts in marginal tack rates. they were giving back money to people in terms of programs -- >> not stimulative. >> look, everyone
doing tax cutting. we should have spent the whole trillion. the bottom line, we have a spending driven economy. when you have consumeser withdraw spending partly out of terror, they're losing value on their homes, banks withdrawing lending. you sucked all of that money and spending out of the economy, someone has to replace it. we've always had the government step in and replace that spending. we did it with fdr, even george w. bush did it. he hired a lot of government workers during the...
124
124
Aug 3, 2012
08/12
by
FOXNEWS
tv
eye 124
favorite 0
quote 0
obviously, democrats have been pushing romney on taxes. he has only released 2010 and promised to release the 2011 taxes when they are finished... in thees have been using every opportunity to push that and out of the blue, harry reid said, well, i heard he didn't pay taxes for 10 years. some people have speculated -- there has been speculation on the left that, gee, why is romney not releasing his taxes? maybe a year he lost a lot of money and he didn't pay any taxes. this is all just complete conjecture. and reid decided to multiply it by 10. >> greta: people criticize the court. but i'll tell you, i like the court because this is slimy. you can't use anonymous sources. he has created this anonymous source and won't identify it. if he has it, he will put up or shut up, name the source. but he won't. the media seizes upon it because they love the gossip, you know, someone sliming someone. but, you know. >> harry reid does not face condemnation in the press. and this is -- i -- this is rather stunning. actually, the most serious criticism
obviously, democrats have been pushing romney on taxes. he has only released 2010 and promised to release the 2011 taxes when they are finished... in thees have been using every opportunity to push that and out of the blue, harry reid said, well, i heard he didn't pay taxes for 10 years. some people have speculated -- there has been speculation on the left that, gee, why is romney not releasing his taxes? maybe a year he lost a lot of money and he didn't pay any taxes. this is all just complete...
81
81
Nov 22, 2012
11/12
by
FBC
tv
eye 81
favorite 0
quote 0
toys "r" us.com, we collect sales tax. so do all of them at this company. what the loophole has been is the only companies that have not been collecting sales tax, it looks like it's imminent. >> will that be good, that level of the playing field? >> everyone admits, including companies that there should be a level playing field. it's so interesting because i did talk about the good old days. i don't know that the internet has lived up to the hype, but only now when i look at these earnings reports that the traction that we see, certainly i don't know that it will put brick-and-mortar businesses out. you think that will happen now? is that the inevitable part of retailing? >> i don't view it as one or the other. the model of the future for retail is the only channel model. the superior channel is where you have internet as well. customers want to relate to the brand. at toys "r" us, there are 81 different ways you can do business with us. you can wear on your cell phone. you can go pick it up in the store. you can fight your home. you can go in the store an
toys "r" us.com, we collect sales tax. so do all of them at this company. what the loophole has been is the only companies that have not been collecting sales tax, it looks like it's imminent. >> will that be good, that level of the playing field? >> everyone admits, including companies that there should be a level playing field. it's so interesting because i did talk about the good old days. i don't know that the internet has lived up to the hype, but only now when i look...
144
144
Oct 27, 2012
10/12
by
CNN
tv
eye 144
favorite 0
quote 0
tax, then their gas tax, and then their real estate tax, it was over half of what they made. and he said think about this, we take a big risk to start a business. and then if we're one of the lucky ones where the business succeeds, the government wants to take half of what we make. so what i want to do, i want to lower the tax rates for small business. [ cheers and applause ] >> and i want to -- i want you to know, for business to work you have to have regulations and rulings. but i want to reportings to recognize their job is not just to catch the buy guys, as important as that, is, but also to encourage people -- small business has something right now that scares the dickens out of them. and that is obama care. that is one reason we have to get rid of it. now, for us though do those five things, is going to create 12 million jobs in america. and with that type of job growth you will see employers having to pay higher wages, to hire capable people. and that means incomes will start to go up. that is how this whole thing works. this is how free markets work. we'll get more pe
tax, then their gas tax, and then their real estate tax, it was over half of what they made. and he said think about this, we take a big risk to start a business. and then if we're one of the lucky ones where the business succeeds, the government wants to take half of what we make. so what i want to do, i want to lower the tax rates for small business. [ cheers and applause ] >> and i want to -- i want you to know, for business to work you have to have regulations and rulings. but i want...
133
133
Dec 18, 2012
12/12
by
FOXNEWS
tv
eye 133
favorite 0
quote 0
get 99% of americans not have a tax increase. that is goal. >> reporter: meaning with the clock ticking the democrats think they have boehner boxed in. >> we don't know details of plan "a" or "b" or whatever plan "c" might be. but we remain united behind our president. >> this is what plan "c" might look like. they can see scenario that president makes one more concession, that threshold could be $500,000 for the tax increases. boehner may not take it. it doesn't include major spending cuts or increase in the debt ceiling. so this leaves a lot on the table either way. >> bret: thank you. what is next in back and forth? check in now with the chief political correspondent carl cameron from capitol hill. good evening. ed mentioned that speaker boehner put increased tax revenue on the table, some conservatives were fearing it's revenue from closing tax loophole and deduction. now it's tax increase. increasing rates for millionaires. what are you hearing there? >> house republicans have a closed door meeting with the leadership right
get 99% of americans not have a tax increase. that is goal. >> reporter: meaning with the clock ticking the democrats think they have boehner boxed in. >> we don't know details of plan "a" or "b" or whatever plan "c" might be. but we remain united behind our president. >> this is what plan "c" might look like. they can see scenario that president makes one more concession, that threshold could be $500,000 for the tax increases. boehner...